Asia-Pacific: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Asia-Pacific

In 2022, the Asia-Pacific saturated acyclic monocarboxylic acids market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Saturated Acyclic Monocarboxylic Acids in Asia-Pacific

In value terms, saturated acyclic monocarboxylic acids production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in Asia-Pacific

In 2022, shipments abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, saturated acyclic monocarboxylic acids exports shrank modestly to $X in 2022. Overall, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted modestly in the following year.

Exports by Country

In 2022, China (X tons) represented the key exporter of saturated acyclic monocarboxylic acids, committing X% of total exports. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%), Taiwan (Chinese) (X%), Indonesia (X%) and India (X%). South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Singapore (X%), Taiwan (Chinese) (X%), Malaysia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. India experienced a relatively flat trend pattern. China (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), South Korea, India and Malaysia saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest saturated acyclic monocarboxylic acids supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in Asia-Pacific

In 2022, overseas purchases of saturated acyclic monocarboxylic acids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, saturated acyclic monocarboxylic acids imports reached $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India represented the key importer of saturated acyclic monocarboxylic acids in Asia-Pacific, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. China (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%), Singapore (X%), South Korea (X%), Thailand (X%), Indonesia (X%) and Vietnam (X%).

From 2012 to 2022, average annual rates of growth with regard to saturated acyclic monocarboxylic acids imports into India stood at X%. At the same time, Vietnam (X%), Singapore (X%), Japan (X%), China (X%), Indonesia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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